Md. Code, Housing and Community Development § 4-250
This is the official text of Md. Code, Housing and Community Development § 4-250, part of Maryland’s Code, Housing and Community Development — governs housing programs and community development.
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§4–250.
Official statutory text
(a) A bond or note issued by the Administration under this part is a legal and proper investment for:
(1) a public officer, a political subdivision, or a governmental unit;
(2) a bank, trust company, savings and loan association, investment company, or other person doing a banking business;
(3) an insurance company, insurance association, or other person doing an insurance business;
(4) a personal representative, guardian, trustee, or other fiduciary; or
(5) any other person.
(b) For any purpose for which the deposit of a bond or other obligation of the State is authorized by law, a bond issued by the Administration under this part is a security that may legally and properly be deposited with and received by a public officer, a political subdivision, or a governmental unit.
(1) a public officer, a political subdivision, or a governmental unit;
(2) a bank, trust company, savings and loan association, investment company, or other person doing a banking business;
(3) an insurance company, insurance association, or other person doing an insurance business;
(4) a personal representative, guardian, trustee, or other fiduciary; or
(5) any other person.
(b) For any purpose for which the deposit of a bond or other obligation of the State is authorized by law, a bond issued by the Administration under this part is a security that may legally and properly be deposited with and received by a public officer, a political subdivision, or a governmental unit.
Status: in_force · Read it on the official government site
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